VP of Automotive Valuation and Analytics
Used vehicle values are seeing depreciation pick up steam during the summer season, with the exception of Premium Sporty Cars. Cars have seen accelerated depreciation since the beginning of May; trucks continue going against the grain by breaking seasonal patterns and holding strong in the early summer weeks. Softness in the car market is expected during summer months as buyers are pushing prices down on volume-heavy car segments.
Volume-weighted, Car Values Decreased 0.53% Last Week, and Last Year by 0.48%:
Truck values decreased by 0.22% last week, this time last year by 0.25%.
Entry Level and Entry Midsize Car Segments Led Decline at 0.82% and 0.81%, Respectively:
Premium Sporty outperformed cars for 8th straight week, while Entry Level Cars have underperformed for 11th.
Compact and Mid-size Pickup Segments Increased by 0.26%:
While the Compact SUV segment increased by 0.16%.